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THE SYSTEMS' IN PLACE (Patni Computer Systems faces increased risk of volatility in performance because of its heavy dependence on the GE Group).
(From India Business Insight)
Patni Computer Systems, one of India's oldest software companies, is entering the market with an initial public offer (IPO) consisting of a fresh issue of 1,34,00,000 shares and offer for sale of 53,24,000 shares.
The total size of the issue is 1,87,24,000 in the price band of Rs200- 230 and the total issue will amount to Rs375 crore to Rs430 crore. Patni Computer Systems primarily focuses on providing IT services and its focus industries are insurance, manufacturing and financial services.
The GE group, which is the company's largest customer, accounted for 50.7 percent of its revenues in 2002. During Jan-Sep 2003, …
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- A QUALITY ISSUE (Patni's single largest client is the GE Group).
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News wire article from: Asia Africa Intelligence Wire
February 1, 2004
700+ words
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- PATNI COMPUTER SYSTEMS-HIGH CLIENT CONCENTRATION (to come out with an IPO of...
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News wire article from: Asia Africa Intelligence Wire
February 15, 2004
700+ words
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- PATNI COMPUTER SYSTEMS: IPO (to be launched through book-building route on 27...
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News wire article from: Asia Africa Intelligence Wire
February 8, 2004
700+ words
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- A giant gets dressed...
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News wire article from: Asia Africa Intelligence Wire
June 28, 2004
700+ words
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- Patni Computers: Invest at Rs 230.
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News wire article from: Asia Africa Intelligence Wire
January 25, 2004
700+ words
